HSBC Holdings has a current market value of more than HK$1 trillion. That’s the number of shares in issue times the latest share price. But not a cent of it is recognised in the GDP figures. The most that GDP recognises is how much the bank was paid last year for services it rendered. Photo: AFP
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

GDP, wealth and the big bad wolf just round the corner

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HSBC Holdings has a current market value of more than HK$1 trillion. That’s the number of shares in issue times the latest share price. But not a cent of it is recognised in the GDP figures. The most that GDP recognises is how much the bank was paid last year for services it rendered. Photo: AFP
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